- Bank of France economic forecasts: Economy to return to pre-crisis levels only in 2022
Market news
9 June 2020
Bank of France economic forecasts: Economy to return to pre-crisis levels only in 2022
French economic activity operating down 17% from normal levels at end-May, less than 12% possible in June.
French economy seen contracting 15% QoQ in Q2 after slumping 5.3% in Q1
French economy to contract 10.3% in 2020, grow 6.9% in 2021, 3.9% in 2022.
French economy seen shedding nearly 1 million jobs in 2020, unemployment to reach a record 11.8% in the first half 2021.
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page